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UAE assures development aid
The United Arab Emirates (UAE) will provide necessary assistance to various develop ment programmes of Bang ladesh. including the construe tlon of permanent rehabi illation shelters and protection dam In the coastal area initiated by the present demo cratle government, reports BSS.
This was stated by the visit Ing chief of Economic Relations and International Coopr ration Division of the UAE Foreign Ministry. Mohammed Khalifa Bln-Al-Sowed!, when he called on President Abdur Rahman Biswas at Bangabhaban
Sunday
Sowedl said his country would also find out more fields of cooperation, including the Export Processing Zone (EPZ) and Tecsta projects
Our Staff Correspondents adds . Bangladesh has sought financial assistance from the United Arab Emirates (UAE) for Irrigation, flood control, rural ekxrtricity and primary education.
The request was made at the two-day meeting of the second Bangladesh UAE Joint Commission meet that con eluded in the city on Sunday.
Talking to reporters, on the
outcome of the two-day session. Additional Foreign Secretary Faruque Sobhan said UAE assistance was also sought for Joint venture projects and for procuring fertilizers and power tilers for rehabilitating the farmers In the flood and cyclone affected areas
The talks were held in a cordial atmosphere' Faruque Sobhan. who led the Bangladesh delegation al the talks, said, adding, 'a wide range of subjects were discussed including expansion of trade and economic cooperation, funding of projects in Bangladesh and cooperation in the Md of manpower '
The leader of the eight member UAE team at the talk* Muhammad Khalifa Bin Al Sowed! promised to give
has also agreed to help expand the quantum of import* from
Bangladesh proposals will be examined with due consideration* by the Abu Dhabi Fund, he added
UAE a*«1stalxc sought for supplementary funding of 3863 million US dollar for the Teesta Barrage Protect. Fund* were also sought for projects tn the field of rehabilitation and protection against floods and eye tone. rural cteclrllica tton and feeder road* and de vetopment of primary schools. Fkruque Sobhan said
UAE was also requested to provide grants for the purchase of 90.000 tonnes of TSP and 60.000 tonnes of muriate of potash fertiliser to help the farmers In the flood and cyclone affected areas, he added.
UAE assistance to the tune of 10 million US dollar was also sought for providing credit to small scale Industrie*
Bangladesh had also pro posed, with ar view to narrow Ing the existing trade gap. for Increased import* to the UAE market of new Items such a* jute carpel, lea. paper and paper products, leather and leather product*, wires and cable*, toiletries and cosmetic*. sanitary wares, plastic and ceramic products, garment* and textiles
The current trade balance between the two sides is overwhelmingly In favour of UAE. During the last fiscal (1990-91). Dhaka's import, mostly of crude oil. stood al 134 million US dollar a* against export of only 5.2 million US dollar. Presently, mostly jute products. fish and vegetable* are exported to the UAE market
The Additional Foreign Secretary said the UAE team also responded "very positively' to a request for employing more skilled and semiskilled manpower in the Emirate* Nearly 85,000 Bangladeshis are currently employed in UAE.
Bangladesh also proposed
the signing of a cultural exchange programme for the I9M-93 period and the sign Ing af a bilateral shipping agreement to facilitate trade between the two countries
Both side* also agreed to work jointly for establishing the Islamic common market It was also decided al the meeting to Intensify the activl-. ties of the UAE-Bangladesh Investment Company and to strengthen Ites in the banking and reinsurance sector.
Informal exchange of view* on the BCCI affair also took place al the meeting. How ever, Al Sowedl explained that it did not fall in the purview of the delegation
Bangladesh Ambaasaifor to the UAE Ahmed Farid was also present al the press briefing held al the state guest house
Setting up of loint venture projects particularly in the Export Processing Zone In Chittagong was also discussed al the meeting.
The joint commission, the second session of which was held after a long lapse of 11 years, has decided to meet once every year from now on. The third session will be held al Abu Dhabi in 1992.